Tag: predatory lending

Re: Payday lenders down 25% under new law (Calgary Herald)

There is no doubt that new rules have significantly changed the payday loan industry in Alberta. The changes have increased the importance of alternative options for short-term credit, such as products now offered by ATB and First Calgary Financial. However, it is incorrect to assume that the supply of credit provided by these options needs to meet the demand for short-term credit prior to the… Read more